The Great Depression

The Great Depression - Page Text Content

FC: The great Depression

1: what caused "The Great Depression" was when the economy failed. banks were closing, and people were losing their savings, their jobs and even their homes. Factors that contributed to The Great DEprssion include the stock market crash, the over- investment in stocks by the public, the weakness of agricultural sector,the lack of farmers and the workers purchasing power and the ineffective policies of the Hoover administration.

3: This 12 year period lasted from about 1929 to 1941 was devastating to most Americans. We would not fully recover until the US entered WWII and started creating new jobs

5: what life was like during the great depression was really difficult. The average man was unable to pay off his debts, so they had no other choice to start borrowing money from banks which started to cause banks to go under as well. Panic stream from the crash forced people to pull more money out of banks and the more the panic grew more and more banks fell. As people lost their jobs, they were unable to keep up with paying for items they had bought from installment plans and their items were repossessed.

7: People that were affected was Men, Women, Children, Banks, Rich and the poor blacks and whites no matter what your race, gender etc. was everyone had been affected during the Great Depression

9: The suffering American economy was given a boost when the Fighting countries needed supplies and looked to America to take them. After the Pear HArbor was bombed the 7th of December 1941, American entered the war. The U.S enlisted many men and women into the military and because the U.S did so, it was left for those left back at home to work in the factories to make supplies for the war effort. The desperate need for soldiers, pilots ,and workers to make weaponry, ammunition, etc all contributed to the end of the Great Depression.